Debit and general-use prepaid card transactions grew at a slower rate in the period 2021-23 than previous periods, the Federal Reserve said Friday, and interchange fees have been rising. In its biennial, statutorily mandated report […]
A new “payment account” — tailored to meet the limited needs of eligible financial institutions seeking payments and settling services – is being considered by the Federal Reserve, and the agency said Friday it wants […]
The latest version of a tool for navigating current expect credit loss (CECL) accounting requirements for small, complex credit unions was released Thursday by the federal credit union regulator as part of a quarterly update. […]
Two federal banking agencies will no longer issue an annual letter to banks outlining their expectations for compliance with insider lending restrictions and related reporting requirements, an effort toward “greater certainty,” they said in a […]
A 2024 amendment to an earlier consent order against Citibank, N.A., was among six terminations of orders issued by the national bank regulator in December and released Thursday. The order terminations were the only enforcements […]
Fifty-five outdated or replaced bulletins and other issuances – including advisory letters, circulars, and more — were rescinded by the national bank regulator Thursday; the issuances were published over a 40-year period, the regulator said. […]
A bank could tailor its anti-redlining examination based on the needs of the community and the products and services the bank offers to serve those needs under proposed guidance unveiled Wednesday by the national bank […]
A newly chartered bank for Columbus, Ohio — which will focus on financial products for businesses and individuals in the technology, payment systems, investment, and defense industries, including virtual currency market participants — was approved […]
Banks wishing to issue payment stablecoins would need to follow an application procedure outlined in a proposed rule issued Tuesday by the board of the federal bank deposit insurance agency. The proposal, if finalized, would […]
A 16.4% decrease in the budget for 2026 of the federal bank deposit insurance agency is attributable to staffing cuts made at the beginning of the year in line with White House demands, the agency […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info